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tv   Your World With Neil Cavuto  FOX News  April 19, 2010 4:00pm-5:00pm EDT

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neil cavuto is up next. the man on business from "fox business" and fox news. >> neil: thank you, shep. don't look but the vat just hit the fan. welcome, i'm neil cavuto and the white house is denying it but everyone is talking about it. the sales tax to end all sales taxes. a value tax on goods and services. robert gibbs says not so. paul volcker teed up the idea a couple weeks ago saying it might be the only option for ex employeesing deaf -- exploding deficits. such a tax would violate the president's promise to spare us from a tax hike. >> if you're making less than a quarter million dollars a year, you will not see your taxes go up one single i.d. not your
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capital gains tax, not your income takes, payroll tax, no tax. >> now listen to this. >> one thing we haven't done is raise income taxes on people making less than $250,000 a year. >> neil: income tax out, value added taxes not necessarily? my next guest thinks it's on the table. congressman, the white house is denying is. listen to what robert gibbs had to say when major garrett raised the issue. >> is there anything the administration is doing to consider, calculate, pose, any way shape or form, measure implications of a value added tax? >> this is not something the president has proposed nor is it under consideration. >> neil: dead issue? >> do you think that means it's
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dead, congressman? congressman? >> neil, i don't think it means it's dead. i can hear you well. his top economic advisor paul volcker says in a speech that it's on the table. i guarantee you they're looking at it because there's no way they can pay for all this spending. they've got to -- you can only tax the rich, the so-called rich, making over $200,000 a year, so much. and of course they're going to add all that fica tax to the so called rich starting in 2013, 2014. not indexed for inflation. that's like the minimal tax, which was put in place 30 years ago to make sure that nine ultra rich people in the country paid some. >> neil: fair enough, so so you think. you're arguing that they might not be considering it immediately now, but it is under
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consideration. the idea of a federal 5% sales tax, which would be a quarter of what the average is in europe, is under serious consideration if for no other reason than to pay for all this spending. >> absolutely. and do you see any modifications, simplification of the income tax, the 16th 16th amendment? no talk about having a flat tax that steve forbes and dick army promoted effectively and the national retail sales tax completely eliminating the federal income tax, with getting rid of the 16th amount with john lender and neil in atlanta. no they want to continue the high federal taxation and add on this vat tax to boot. >> neil: if it were to go through, there a lot of cities that have steep sales taxes
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right now. we're taking look at some of the note worthy, including chicago, 10 and a quarter would go to 15 and a quarter%. los angeles to almost 15%. what would be the effect? >> neil, the effect would be the average taxation is probably in the range of 27% now. it would look like what the average taxation is in member countries of the european union, well over 45%. in fact their income taxes in the range of 45% and the vat tax, while for membership in the european union starts at 10%, some of them go to 18, 20% on top of the 46%. so i mean that kind of taxation would completely shut down our
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economy. >> neil: all right congressman, thank you very much. >> how would a vat flakes with the tea partiers? we thought we would ask two prominent members. mark is a national coordinator. jennifer is it a itself -- stefan know. >> many in your organization have said a vat wouldn't be a bad idea if thought solely on its own, not in congestion with the income tax. how do you feel? >> i agree if we talk about replacing income tax with a vat tax that applies to everybody. there's nothing wrong with that discussion. what offend me is you don't hear talk about cutting spending, removing waste and fraud. there are hundreds of billion dollars wasted by our government and we're not talking about cutting these. all they can talk about is how voracious the appetite is to
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take more money from us. >> what if this is a scheme to make a deal to satisfy folks like you and mark, post tone if not eliminate the planned increase in taxes on the upper income if they got this. >> first of all, they're not cutting a deal because democrats never get rid of taxes, they add them on top of one another. let's repeal the 16th 16th amendment and capital gains and outlaw property taxes because they're just the government as land lords. you want to get rid of that, we can talk about overall consumption tax. in canada, the consumption tax, first they pass it at the federal level then it trickled to the sub national level where it's a enormous part coming out of people's salary and hits harder than anyone, the middle
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class. people like obama and his team will say the businesses pay it at every stage but what businesses can do is go back to the government and if they show the end usage of what the tax was on actually benefited the consumer they get out of the tax. who ends up with the burden? the middle class. in case the president has forgotten. 17 million of us are unemployed and underemployed. he needs to focus on a free market, getting people back to work and encouraging entrepreneurship. >> i hear you. your point is brilliantly taken. mark, i want your reaction to something different. a number of democrats who appear to be glomming on to your cause and what you and jennifer are talking about. i want you to listen to this. >> i need you to be as excited as the tea party people are. will you help me?
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will you get excitedded? >> you don't hear people say it don't matter, that we can pass expansion in government without paying for it. >> we may have fall neonen into the trap of painting the tea partyers as extremist when in fact they're ticked off, conservative americans. >> morning and -- congratulations you're no longer nuts. mark, what do you think of that? that was just some of the sampling. >> i think what's going on is they have tried to marginalize us. they called us nazis and tea baggers. they're looking at the polls and when you see 48% of americans believe we represent their values better than the president, these people know they're in severe electoral trouble so they'll do anything
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they can and put the spin machine to work and take away the glory from the tea party movement for their side. it's not going to work. tea party folks are intelligent, dynamic folks. you can't fool them. >> when you read -- remember the cbs news survey that politelily kind of dismissed you more or less saying lilly white, upper educated, higher income, very conservative. that's it. >> i think that's the goal of the left to mock and marge ginnallize. the pew research center says four out of five americans distrust big government. that number also believes bureaucracy won't solve our problems and 50% think government is making life worse and by the way, it is. i think what the democrats are
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seeing is that they have gone so far from center right, which is what this country is, have moved to far away from the values that we all can rally around, regardless of political per ways, in every day life, nobody cares if you're a republican or democrat. they care about what you believe. they realize they cannot marginnize that. >> i understand. i hear. good seeing both of you. the dustup over the dust cloud, the economic fall outy volcanic ash pegged at $2 million, now planes are starting to fly through it. al pacino does no jack, just ask dr. jack kevorkian. >> make a point. >> this is the protest. >> they violated my rights. you're not supposed to bail me out. defeats the purpose. i should fire you. ya know, i'm really glad we finally decided to see where raisin bran crunch is made.
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>> neil: all clear even if the skies are not. by tomorrow planes in britain could be flying but today most of backgrounded with hundreds of thousands of passengers stuck thanks to the ash from the icelandic volcano that closed down every major airport. are airlines moving too soon. nato says they're plane suffered serious damage after flying through the ash. the engines need extensive overall. how safe is it for passengers planes and are the airlines rushing it? >> peter, would you fly on the first plane out tomorrow? >> i probably would just because i'm a nut and i love flight and
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i think they'll be extra careful. so i'm probably not the best person to ask. >> what is extra careful? what do they have to do? >> this is the problem. they've been tracking this cloud and they've been doing it with theoretical models, they have not had the equipment in the weather balloons to monitor the ash concentration accurately. so we're not really sure. yesterday, fas, lufthansa, klm, knew a number of flights, about a half dozen, reported all was okay but there's still considerable concern that we really don't know the content of this plume. we don't know where it is exactly. it could be trouble. >> neil: what is the big worry with this stuff? >> it is a very fine powder and it can do a number of things. in the worst case bases, it could really cause the engines
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to flame out. there are a couple of well documented cases 747st flew through and lost all four engines and got them started after they fell. >> neil: there was the flight from malaria to australia. >> that's right. >> they restarted those but it could have been bad, right? >> it could have been dreadful of the other thing is, if you fly into this, it can scour the wind screen. this was a case where the pilots could not see out of the wind screen but it was so badly pitted and had to land almost blind. there are a lot of problems that take place and if you've gone into it, then you've really got to tear that aircraft apart. >> neil: what if you're flying significantly over it? the ceiling now is around 6,000 feet. explain what it would take to comfortable override this. >> i think the theory is that
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the cloud has not been tracked above 30,000 feet. so if you can get the aircraft at flight levels of 32,000 to 41,000 you'll overfly is without any problems. and i think that's the theory. they're going to test it starting tomorrow. we'll see how it works. >> neil: but the -- are the planes flying unusually high todd tomorrow? >> i don't think so. >> neil: so they're doing nothing differently is what i'm saying. >> i don't think so. but the pilots will be very aware for even the first indications that they might be entering a portion of the cloud that could be dangerous. you can actually smell it the aircraft and feel -- >> neil: you can smell it in the plane? >> absolutely. that's one of the first tipoffs. >> neil: i'm wonder, who would be that brave soul getten on on
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the chance that -- i don't know. >> that's a good question. >> neil: what do you think is going to happen? >> i think we're going to have a fairly limited number of flights and they'll go okay and then slowly pick up as the week goes on. but this disruption is going to hurt the bottom line of these air cares carriers for this quarter significantly. >> neil: peter, thank you very much. they're rolling out the red carpet for the president's trip to wall street on thursday. or is that the red faces? then al pacino blamed dr. death. we'll talk to dr. jack kevorkian. he's next. ♪
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the government is looked for the next goldman sachs. investigating where it's going to slap fraud on other banks. on the heels of that, the president heading to new york city to push his plan. the next guest, calling on the execute exchange to expand the >> very good to have you both. >> good to be with you. >> neil: congressman cummings, do you suspect this is significantly broader than goldman? >> yes, i do believe that. the most important thing that we have to do is make sure we have a very clean, accountable and transparent market system. so we need to look beyond this one deal. but i have a suspicion, as does clearly the sec, that's is broader than we've seen. >> congressman, do you have a sense maybe for the better part
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the valor, just forbid these guys from any exotic investments, be they collateralized dealt obligations or mortgage derivatives which are in this case, might have bet on the housing downturn. just stop them from doing it? >> well, i tell you -- >> neil: i don't know. >> i'm sorry. >> okay. go ahead? >> senator let bahm alert lincon proposed so derivative to eliminate the problem and i would separate investment banking an financial services the way we did in this country from insured 'do deposits but it's
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with accountable for what happened in the past, make taxpayers at whole as we can. here if there was fraud involved in any of the other transactions that went through aig, since it's bailed out by the government. >> congressman cummings, thatted happened under washington's eye so is it a matter of needing more cops to prevent this or just smarter ones. >> in the past there were complaints the sec had not used all the power it had. nobody would dispute that. as a matter of fact when the sec came before the oversight committee we were surprised as some of the lax efforts on that with regard to that organization. now, with mr. shapiro, they are
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more aggressive but need to move within the rules we have and add some but the derivatives, what you find is that it seems as if the market is ahead of the law. and in many instances we find such a fast-paced society we're in, sometimes the -- that we are behind actually the pace of developments in the market. so i think we need to do -- we need to do both. enforce what we have and we probably need to add some additional things. and as my colleague, mr. defazio said, those are the things we need to do. >> neil: are you worried with the best of intentions, what will happen is people will look at the move toward regulation
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and say the u.s. is overtaxed, overregulated, we'll go elsewhere. we'll invest elsewhere. >> % well, we are still the largest economy in the world. you know, i -- in -- for instance if you're talking about taxing or regulating, britain has a financial transaction tax, hasn't driven people out of the london. people don't want to live in third world countries to escape. we have to do this in concert with our allies. the e.u. was interested in cracking down and getting to the heart of the meltdown as were other responsible first world nations. >> neil: gentlemen, elijah raises a view but there isn't nearly the amount of regulation or oversight or baby-sitting for lack of a better term in the hot asian markets, for example, as is being proposed in your -- in
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our country. that could be just a preview of collapsing issues there. but for now, that's not the case. so wouldn't money naturally be drawn to those markets and not ours? >> we could certainly worry about those -- sure, money -- >> go ahead elijah. >> we could worry about those things but it's more important we look at the long range situation. that is that you have an accountable system, a transparent system and you have a very clean system. so people will have the confidence to invest. one thing we don't want is for people to say i'm not bothering because this whole thing is rigged. that's the worst thing that could happen. >> neil: that's a good point. this idea maybe go back to the good old days when investment banking activity, and traditional banking activity, were in two separate houses.
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is that the simplest way to handle this? >> well, it's not simple to break up what was created with repeal the glass stegall but we want to work in that direction. we've got to look at the even the size of the investment oriented if i did because if -- if they get too big, you know, they can cause problems. even if they're totally in the unregulated sector. >> neil: gentlemen, thank you both. >> regulations across the board and dividing things up might help. >> neil: thank you. pathologists, mercy killer, movie star, dr. death goes hollywood. dr. death himself comes to fox next. >> thisthis is the last time you people under justly take away from my my liberties. the last time. i will not, hear me now, i will not eat.
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it's unspeakable. >> from prison to pacino, jack kevorkian free after a 8 year sentence. dr. death is getting the full superstar treatment. al pacino playing in the movie you don't know jack. dr. jack kevorkian joins me. good to have you. >> thank you, good to be here. >> how do you think of the way you were portrayed in the movie? >> much better than i thought it would be. it's superb. everybody about it. directing, the acting, the writing. everything was much better than i thought it was going to be. >> neil: do you think people will look at this and maybe reassess what they thought of you, including the doctor death thing. >> not the opponents.
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>> neil: so this won't change minds. >> not the opponents, their mind is made up by the pope. >> neil: religion is a big issue to you and it isn't for you. >> it's about so politicized and politics is controlled by religion just like medicine is, that there's -- if you -- if you're a diehard religious person, nothing's going to change your mind. >> neil: you're an atheist, correct? >> i'm an agnostic. i just say i don't know. i'm honest. >> neil: but you knew enough when last time you were here to tell me when you die, you stink and then you're in the ground, over. >> well, you're not always in the ground. >> neil: that's true. >> sometimes you're in the morgue in a hospital in the crypt or you're lying in the street. but that's all we know that happens at death is what we observe. we don't know anything else. we can't investigate death f you investigate death or try to, you
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become stigmatized like they tried to do with me calling me dr. death. my friend when training in pathology called me that. >> neil: you're 81 now, very good health. >> 82. >> neil: i apologize. god forbid that day comes and you leave this world, what if you see a god? >> what's that again? >> neil: what if you see god. >> is there a god? >> neil: i'm asking what if you do. >> there are gods that are created by men or women. they're created. they're -- look. western mythology is what we have. i prefer greek mythology and i'm not interested in that. but these stories, i don't know if they're true. nobody does. even the experts don't. we have no records of t there's
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no evidence of it in history. everything is perspective. >> neil: a lot -- it's all base on faith. but wouldn't it be a kick if, after you leave this world, you see a higher god. >> i'm look at the man on the thrown and say, so why didn't you make me smarter? >> neil: this movie and the fact that al pacino agreed to play you, did he talk to you much about the role? >> no, we didn't discuss it. all i said is it was great. in fact i have a quote that catches his attention sometime that they made al pacino look more like me than i look like me. >> it is uncanny, by the way. >> really. >> neil: i was told there were a number of people in the making of the film, doctor, who had a preconceived view of you, that
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you were a nut or crazy. then they came away with the opposite view. is any part of you eager to see young americans in particular who don't know you that welcome to that opinion? >> well, that's satisfying and gratifying to have that happen, yes. i like talking to young people anyway. their minds are sponges and they're fed dirty water. that's all. when you feed a sponge clean water, it's much better. >> neil: so again, if you are to encounter the type of illnesses of a serious disability that prompted you to help a number of folks end their lives, would you want the same for yourself? would you want someone to help you end your life? >> yea. i'm an empathetic person. that's part of my compassion. you put yourself in the other
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person's body and you can tell when someone's suffering. you see an animal suffer, everyone is very compassionate and very sympathetic. because it's not -- it's not fake, either. it's really true. why don't they react that way with suffering humans? >> neil: now that we're moving toward granting healthcare to millions more americans, there's always this view, doctor, that we're going to have to make tough choices as a country, that when you get older, we're going to have to discuss not only what that individual's wishes are, but whether we shouldn't help them to the extent we normally would when they're getting on in years. some call those death panels, others say it's the nature of the medical system that we have to make choices, that a portions care.
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how do you feel about that, some people get old, don't get care, precisely because they're old. >> a lot of people that are old don't get care, but choices are what life's all about. we have so called freedom, we're free to make choices. most of the important choices we're supposed to make are blocked by law. if you make that choice for your benefit, you go to prison. simple, fear stops us from doing it. choices are important in life, you got to have choices. it's your body, your life. you have every right to think and say and do anything you want as long as you do not harm or threaten anybody or any property. that's freedom. we're far from that. >> neil: did any of the folks you ended up helping end their lives ever have second thoughts and tell you through the process, wait a minute, wait a
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minute? >> no, they had second thoughts but they were always, why aren't we going? let's get started? they didn't fear. none of them feared it. none of them feared death. by the way, most of my patients were catholic, by the way. you ought to know that. they would say god will understand. he doesn't want me to suffer. that isn't what the pope would say. >> neil: in other words they looked forward to an afterlife. >> maybe they did. that's good. that's religion's value, making you get through this miserable life, hell on earth, it makes it toll racial for you. >> neil: you said that before when i had you on before. you sound like a miserable guy, the living was mirrors airplane and the exist -- mirror able --
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miserable, are you just a miserable guy? >> i'm not miserable but i'm honest. i always ask people -- >> neil: i don't find life miserable. >> that's because you're healthy, well set,-off good pocks, may good money. >> neil: two out of three. me point is what happened -- i know there are experiences, you were engaged and it didn't happen for a variety of reasons and i remember you kidded with your parents, god bless them -- you didn't say god bless them but they had to put up with a lot. it seems like you were a nasty sob. >> not really nasty but i wasn't extremely likeable because of my personality. i'm argue active. i love arguments. i guess i should have been
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lawyer. but i -- >> neil: if you were a lawyer -- that's a good point. with that lawyer, with a pathologist ability to take people out, that would have been a good combination. >> no, it would get me in jail quicker. >> neil: if someone said help me end it all, kill me, what could you say? >> they never say kill me. not one patient said that. >> neil: let me die. >> fear mongers, they don't say kill me, they say please, doctor, help me end this suffering. >> neil: so if another one did that today, what would you tell them? >> i don't know about today because i would wait for it to be legal. if i'm still alive and 91 years old, he would help me them because i wouldn't last long in
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prison anyway. but at least i would end my life doing what is right. >> neil: doctor jack kevorkian, thank you very much. >> you're welcome. >> the movie this weekend on hbo. all right, we know there's a lot of lawyers in congress. what if i told you next year at this time there could be more doctors. the md with the qt.ikrd on why he hopes to join them. launch my watchlist -- a popping stock catches my eye. pull up the price chart. see what the analysts say. as i jump back, streaming video news confirms what i thought. pull the trigger -- done. i can even do most of this on my smartphone. really, it's incredible. like nothing i've ever experienced. trade free for 60 days on redesigned power e-trade pro.
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it says that when you buy whoa grand caravan,?
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dodge will give you 60 days to decide if you want to keep it. that's ridiculous. look at it. it's got seating for up to seven, a smooth v6 engine and a five star government crash test rating. why would you need 60 days, really, who is that indecisive? the dodge "you won't need 60 days to decide but we'll give it to you anyway" event. busy day for doctors. near 50 doctors running for congress as the healthcare law roles out. will physicians be the right medicine to fix washington? the next guest things so. a tell me running for the house in california. doctor, good to have you. >> thanks, good to be on the show. >> if you were to win, would you change anything in the healthcare law? >> absolutely. you know, the one thing i worry
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about with this healthcare bill is while it extends coverage, it doesn't address the cost and increasing burden individuals, businesses, and large employers are faced. it's getting harder and harder for people to provide benefits and take care of themself. >> neil: so this is not addressing that? >> this is not a perfect bill by any means. it certainly addresses increasing coverage and getting people basic coverage but doesn't lower the cost of providing benefits. >> neil: what do you think of the efforts some states are leading, doctor, to get this thrown out in the courts that, forcing people, for example, to buy health insurance is unconstitutional? >> i think that the challenge is we've got to look at healthcare as an american thing so we can't do it state-by-state. we've got to fix this at the national level and give people
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basic coverage. i don't really want an army that's state-by-state, i want national defense that's national defense. we should try to fix this and do it in a way that's built on the private sector, and we can figure this out. >> neil: but you're not interested in shelving this plan? >> this plan is now law. let's take this plan and actually make it a workable solution. let's make it -- >> neil: because a lot of republican friends, many doctors included, want to throw it out and start from scratch. >> yeah, you know, to do nothing, though, is going to bankrupt this country, making us uncompetitive economically. putting us at a disadvantage so let's make this bill a good bill. >> neil: thank you, we'll watch the race closely. >> great, thank you. >> neil: so conservatives thought they had it in the bag that protesters were wanting to throw the bums out were loud.
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>> neil: the third party candidate racing up the charts and polls and shaking things up here. it may cost the prime minister' job. could tea partiers do the same here in november? presidential historian -- rick, what do you make this, out of the blue he changes the math. >> they haven't had a strong two party system like we have in the united states so that gives the
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third party more room but we have a two party system here, we also have a long tradition of third parties and the tea party, even though they say they're not really a party, they're not planning on becoming a full-scale party, they are going to have a big impact on our politics. >> neil: you know, i talked to a number of them in atlanta last week, and quite a few were interested in the third independent party movement. whether you call it the tea party or whatever. they didn't like either party. how big is that and how strongly felt is that? >> well what has driven our third party movements has been anger and the tea party movement today is driven by anger, anger around what they perceived to be the wrong direction of the country, the deficits, higher taxes and all the rest. anger is a big motivatener
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politics this, third party movement has anger behind it so that means it's going to grow and grow and grow because it's got that anger, that anger's not going to be addressed. is it going to be a full-scale third party movement? that's up to the people who are involved in it. at this point i've been heard conflicting messages from them. sometimes they're saying they don't want to be a full-scale party. other people, like the person you talked to, said they do. it's not clear yet exactly what they'll do. the republican party would be crazy not to try to co-op this movement because this movement has more energy than the republican party. >> neil: but back to britain for a second. nick clegg, the liberal democrat candidate that, party surged since this debate and he leads among the three. much as briefly ross perot led among the three prominent
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candidates. gordon brown, the prime minister, is not far behind and cameron tucked into the middle. who is nick clegg taking votes from and who would those tea partiers be taking votes from? >> well, the big problem here is that listen so what you said. ross perot, clegg, these are leaders. this tea party movement at the moment is -- it does not have a leader. if it were to get a ross perot as a leader, then the democrats and republicans would be living in fear because -- >> neil: what if it had a sarah palin, an identifiable name. >> sarah palin was higher in the popularity ratings it's possible that they could really go places, her negatives are so high -- >> i wonder if it matters f you
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cut the pie three ways there's flexibility. >> well, if it was a sarah palin who was on the top of the tea party movement ticket the republicans would live in fear because it would split the base wide open. republicans better hope sarah palin doesn't jump ship and become the leader of the tea party movement. >> neil: liberals are conservative and socially liberal. if that's a winning formula, what does it mean here? >> what if means here is what it means over in britain to this extent. there's a lot of anger out there. as a result, our politics are wildly in flux. to major parties have not been seen to address the major fears and anxieties of the public and the tea party movement keeps growing because it's addressing them. >> neil: all right, rick, very good having you. when we come back, the former
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sec chairman michael powell -- if you don't get "fox business" ... >> demand it. >> neil: oh my god. n
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